White Pine, Tennessee Property Taxes
The median property tax rate in White Pine, TN is 0.49%, considerably lower than both the national median of 0.99% and the Tennessee state median of 0.64%. With the median home value in White Pine at $65,550, the typical annual property tax bill reaches $323, significantly below the national median of $2,690. Property taxes in White Pine are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding White Pine's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of White Pine or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
White Pine, Tennessee Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.49%
Estimate Property Tax Bill
$321
Ownwell’s White Pine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in White Pine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in White Pine to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across White Pine, Tennessee
Property taxes in White Pine, Tennessee, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in White Pine is 0.49%, which is lower than the U.S. national median of 0.99%. Local government entities within White Pine set these rates annually, and they can vary significantly across different neighborhoods. Each year, White Pine estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares White Pine's effective property tax rate to other areas in Tennessee and the national median. For comparison, the zip code 37890 has both the highest and lowest median property tax rate of 0.49%. Understanding how these areas compare with White Pine provides valuable insights into the varying tax landscape across Hamblen County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average White Pine Tax Rate
0.49%
Average Hamblen County Tax Rate
0.49%
Average Tennessee Tax Rate
0.64%
Average United States Tax Rate
0.99%
Property Tax Rates Across White Pine, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37890 | 0.49% | 0.49% | 0.49% | 0.49% | 0.49% |
Source: Ownwell
Property Tax Assessment Values Across White Pine, Tennessee
In WHITE PINE, Tennessee, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Hamblen County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In WHITE PINE, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. The median home price in WHITE PINE is $65,550, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $108, while the 75th percentile tax bill is $680. The highest and lowest median tax bills are both $323 in the zip code 37890. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in WHITE PINE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average White Pine Assessed Value
$65,550
Average Hamblen County Assessed Value
$105,800
Average Tennessee Assessed Value
$173,500
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across White Pine, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37890 | $13,300 | $22,025 | $65,550 | $138,175 | $178,380 |
Source: Ownwell
Property Tax Bills Across White Pine, Tennessee
In White Pine, TN, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's market value, local tax rates, and any applicable exemptions or deductions. For homeowners in White Pine, the median home price is $65,550. Property tax bills can vary significantly, with the 25th percentile at $108 and the 75th percentile at $680, reflecting the disparity in property values and tax rates within the area. The 90th percentile tax bill reaches $878, indicating higher-valued properties or fewer exemptions. Comparatively, the highest and lowest median tax bills in the area both stand at $323, specifically in the 37890 zip code. This suggests a level of consistency in tax assessments within that region. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly.
Average White Pine Tax Bill
$323
Average Hamblen County Tax Bill
$619
Average Tennessee Tax Bill
$1,206
Average United States Tax Bill
$2,690
Property Tax Bills Across White Pine, Tennessee
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 37890 | $66 | $108 | $323 | $680 | $878 |
Source: Ownwell